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S. Africa Task Team to Focus on Reducing Steel Prices, Zalk Says

Aug. 25 (Bloomberg) -- A South African task team established by the Department of Trade and Industry will make policy recommendations on the country’s steel industry after an investigation of a dispute between ArcelorMittal South Africa Ltd. and Kumba Iron Ltd., Deputy Director-General Nimrod Zalk said.

The task team will focus on reducing steel prices in the country, he told lawmakers in Cape Town today. ArcelorMittal’s prices bear no resemblance to a basket of prices based on charges in the U.S., Germany, Russia and China, Zalk said.

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To contact the reporter on this story: Mike Cohen in Cape Town at mcohen21@bloomberg.net

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net

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